Move moves into red on choked fuel deliveries

Contracted fuel deliveries were down more than a fifth on covid lockdowns. (Image: supplied)

Tue, 22 Feb 2022

Move Logistics said the impacts of covid related restrictions on fuel deliveries was largely to blame for a $1.4 million net loss for the half year to December 2021, down from a comparable profit of $2.6m.Earnings before interest, tax, depreciation and amortisation (ebitda) was down 12.8% to $28.7m, on revenue for the six months of $183.3m, which was up slightly on the comparable period in 2020.The company reported that while its freight and contract logistics businesses, which generate 93% of ebitda, had a solid year, that had been offset by t...

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